Former Close execs team up to launch TIME Investments

Former Close Asset Management executives have launched a property and tax planning investment management business called TIME Investments.

The firm has two funds, the Freehold Income trust (FIT) and Capital Trading Companies (CTC), which offers advisers the opportunity to assist their clients to be eligible for 100% relief from inheritance tax through business property relief. TIME intends to launch additional products at a later date, including expanding its IHT mitigation proposition. The business is run by former senior executives from Close Asset Management and has recently employed seven new members for its sales and marketing team, headed by Russell Jarvis, formerly distribution director at Octopus Investments. The...